FINPIPE - 8 Months Consolidation / All Time High Breakout
Updated
Finolex Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (September, 2023). Now It has given a Consolidation breakout & Closed above it's Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 300) in short term.
5) Recommendation - Strong Buy
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (September, 2023). Now It has given a Consolidation breakout & Closed above it's Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 300) in short term.
5) Recommendation - Strong Buy
Note
As mentioned previously, The given target of 300 - (9.45%) from the given price (274.10) is achieved.
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